The latest monthly House Price Index Report for Scotland has been published by the Registers of Scotland. This month’s edition gives us the average price of residential property across Scotland for August 2017 and the volume of sales for June 2017 (the latest dates for which these data are available).
The Report shows an increase in the average price of residential property in Scotland now stands at £146,354. This is an increase of 3.9% against the August 2017 figure.
It’s good news too for the number of residential properties sold. In June 2017, there were 10,473 sales in the month. That’s an increase of 9.3% over the June 2016 figure. It’s also a 26.2% increase over the May 2017 figure.
The City of Glasgow local authority area saw an increase of 5.7% in the average price, rising to £125,634 in August and led the sales volume chart with 1,224 sales in June – an increase of 20.6% over the June 2016 figure.
In Renfrewshire, the average price of a property was £122,549 in August 2017. That’s an increase of 6.5% against the same month in 2016. In terms of the number of properties sold, the report indicates that in June 2017 there were 409 sales of residential property registered with the Registers of Scotland. This is an increase of 17.5% against the June 2016 figure.